A(n)________ cost is the cost incurred.
A)actual
B)budgeted
C)estimated
D)sunk

Name: A(n)________ cost is the cost incurred. A)actual B)budgeted C)estimated D)sunk
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Question

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Actual cost is the cost that has actually been incurred and can be verified with receipts or other evidence. Budgeted and estimated costs are future predictions, and sunk costs are costs that have already been incurred and cannot be recovered.

A(n)________ Cost Is the Cost Incurred